The Union Budget for 2018-19 is likely to have an overall positive impact on the power sector with the thrust towards expanding electricity accessthrough flagship schemes is seen boosting demand and a proposed mechanism for uptake of solar power likely to spur capacity creation.
State-owned Indian Oil Corp (IOC) today said it has made a technological breakthrough in commissioning a Octomax unit at its Mathura refinerythat will help manufacture Euro-VI fuel emissioncompliant petrol.
More women can expect freedom from hazardous kitchen smoke as the government has proposed to expand its free cooking gas programme to 8 crore poor families from 5 crore earlier.
The railways got a bare two-minute mention in the current budget, with the finance minister choosing to focus only on the highlights of the year. This is in stark contrast to earlier years when hours would be spent listing every train and facility on the budget.
India will need Rs 50 trillion in investments in roads, air, rail and inland waterways, finance minister Arun Jaitley said on Thursday, terming infrastructure development as the growth driver of the economy.
Railway Budget 2018 new trains: Finance Minister Arun jaitley in his Union Budget 2018 speech announced that modern world-class train sets will be rolled out by Indian Railways in the coming years.
It is a disappointing budget. The positive part of it is no big freebies and that particularly has been kept in line.
Soon after Modi came to power in May 2014, crude oil prices went into a tailspin. The resultant bonanza helped buffer government finances and led to the decontrol of fuel prices.
India’s government began unveiling its 2018/19 federal budget on Thursday aiming for stronger economic growth to win over voters ahead of a national election next year while trying to maintain fiscal restraint.
The Union Budget for 2018-19 tabled in Parliament today has sought to achieve universal energy access with focus on expanding the coverage of flagship schemes aimed at providing cooking gas and electricity connections to the poor.